R6.260–The John Hodgson Scholarship

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Recitals –

1. The late Iona Hodgson, formerly of 66 North Road, Brighton, Victoria, retired, (‘the testatrix’) who died on 24 August 2003 by her will dated 24 November 1994 (‘the will’) provided –

   ‘… TO GIVE the balance thereafter remaining to THE UNIVERSITY OF MELBOURNE to be used by it for the purpose of a post graduate scholarship to be known as THE JOHN HODGSON SCHOLARSHIP to be awarded alternately to graduate students in the faculties of Music and Science …’

2. The testatrix was born in January 1906 and came to Australia with her son John David Hodgson in 1947.
3. John David Hodgson was born in 1934 and graduated BSc (Melb.) in 1957. He had an interest in music. In December 1957 he died in a mountain-climbing accident on Mt Cook, New Zealand, aged 23.
4. In September 2007 the University received the sum of $157,332.24 in satisfaction of the bequest.
5. At 31 October 2007, the amount of the fund was $158,363.32.

It is provided as follows-

1. The sum of $158,363.32, and any accumulations and additions to the sum, forms a fund called ‘The John Hodgson Scholarship’ (‘the fund’) and the fund must be paid into an investment pool and remain there until Council directs otherwise.
2. The net annual income of the fund is to be used to provide ‘The John Hodgson Scholarship’ to be awarded annually by Council alternately to a graduate student in the faculty of Music and a graduate student in the faculty of Science on the recommendation of the dean of the relevant faculty.